Investors Buy Large Volume of Put Options on Hallador Energy (NASDAQ:HNRG)

Hallador Energy (NASDAQ:HNRG) was the recipient of unusually large options trading on Monday. Stock investors acquired 2,021 put options on the company. This represents an increase of 76% compared to the typical daily volume of 1,148 put options.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on HNRG shares. Alliance Global Partners assumed coverage on shares of Hallador Energy in a research report on Monday, December 9th. They set a “buy” rating and a $17.00 price target for the company. B. Riley upped their price objective on Hallador Energy from $9.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th.

Insider Transactions at Hallador Energy

In other Hallador Energy news, Director David C. Hardie sold 2,553 shares of Hallador Energy stock in a transaction on Friday, December 6th. The stock was sold at an average price of $13.01, for a total transaction of $33,214.53. Following the completion of the transaction, the director now owns 2,041,488 shares in the company, valued at approximately $26,559,758.88. The trade was a 0.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders have sold 104,524 shares of company stock worth $1,356,743. 32.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Hallador Energy

Several hedge funds and other institutional investors have recently modified their holdings of HNRG. The Manufacturers Life Insurance Company purchased a new stake in Hallador Energy in the second quarter worth about $78,000. B. Riley Wealth Advisors Inc. boosted its stake in shares of Hallador Energy by 3,171.7% during the second quarter. B. Riley Wealth Advisors Inc. now owns 376,250 shares of the energy company’s stock valued at $2,923,000 after purchasing an additional 364,750 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in Hallador Energy during the second quarter valued at approximately $2,197,000. SG Americas Securities LLC bought a new position in Hallador Energy in the third quarter worth approximately $100,000. Finally, CWM LLC lifted its holdings in Hallador Energy by 154.4% during the third quarter. CWM LLC now owns 8,227 shares of the energy company’s stock worth $78,000 after buying an additional 4,993 shares during the period. 61.38% of the stock is currently owned by hedge funds and other institutional investors.

Hallador Energy Price Performance

HNRG stock traded down $2.53 during trading on Monday, hitting $10.65. 366,462 shares of the company’s stock traded hands, compared to its average volume of 440,232. Hallador Energy has a 52 week low of $4.33 and a 52 week high of $14.00. The stock has a market capitalization of $454.03 million, a price-to-earnings ratio of -19.48 and a beta of 0.71. The business has a fifty day simple moving average of $12.20 and a 200 day simple moving average of $9.64. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.17 and a current ratio of 0.58.

Hallador Energy (NASDAQ:HNRG) last announced its earnings results on Tuesday, November 12th. The energy company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.14. The firm had revenue of $105.04 million during the quarter, compared to analysts’ expectations of $117.10 million. Hallador Energy had a negative return on equity of 6.71% and a negative net margin of 4.85%. During the same quarter in the previous year, the business earned $0.47 EPS. As a group, research analysts expect that Hallador Energy will post -0.31 EPS for the current fiscal year.

About Hallador Energy

Hallador Energy Company, through its subsidiaries, engages in the production of steam coal in the State of Indiana for the electric power generation industry. The company owns the Oaktown Mine 1 and Oaktown Mine 2 underground mines in Oaktown; Freelandville Center Pit surface mine in Freelandville; and Prosperity Surface mine in Petersburg, Indiana.